Company updateMoneycontrol
Motilal Oswal raises IIFL target to Rs 850 on capital raise
Positive+18
GreyOak summary
Motilal Oswal upgraded its target price for IIFL Finance to Rs 850 following a INR64.1 billion capital raise led by Blackstone. The equity infusion is expected to improve the company's capital adequacy ratio from approximately 17% to 30%, strengthening its balance sheet for business expansion.
What it affects
- IIFL FinanceIIFLPositive +18
Raised INR64.1b via CCPS to boost capital adequacyRolling sentiment Positive +42
Source
Read the original at MoneycontrolMore IIFL Finance news
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